HP Inc. (NYSE:HPQ) Position Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 849,407 shares of the computer maker's stock after selling 27,288 shares during the quarter. Commonwealth Equity Services LLC owned 0.09% of HP worth $27,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. PGGM Investments purchased a new position in shares of HP during the 4th quarter valued at approximately $151,000. HBK Sorce Advisory LLC boosted its stake in shares of HP by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock valued at $374,000 after buying an additional 306 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of HP by 34.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 625,831 shares of the computer maker's stock valued at $20,421,000 after buying an additional 161,559 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in HP by 24.0% during the fourth quarter. Achmea Investment Management B.V. now owns 782,845 shares of the computer maker's stock worth $25,545,000 after purchasing an additional 151,292 shares during the last quarter. Finally, Essential Planning LLC. acquired a new position in HP in the fourth quarter worth $430,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Price Performance

Shares of NYSE HPQ traded up $0.06 during midday trading on Wednesday, reaching $28.76. 7,905,595 shares of the company traded hands, compared to its average volume of 7,108,594. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80. The stock has a 50-day moving average price of $32.16 and a 200 day moving average price of $34.32. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 2.96 and a beta of 1.09.

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HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. As a group, analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.03%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio (DPR) is presently 41.37%.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 11,000 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on HPQ shares. Loop Capital decreased their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on shares of HP from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. HSBC downgraded shares of HP from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Sanford C. Bernstein lifted their price objective on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Finally, Barclays lifted their price objective on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, HP has an average rating of "Hold" and an average target price of $36.14.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.